Community Economic Development
What is CED?
Community Economic Development (CED) is action by people locally to create economic opportunities and better social conditions, particularly for those who are most disadvantaged. (Canadian Community Economic Development Network)
To be effective, solutions must be rooted in local knowledge and led by community members. CED promotes holistic approaches, addressing individual, community and regional levels, recognizing that these levels are interconnected.
LITE follows 11 principles of CED
- USE OF LOCALLY PRODUCED GOODS AND SERVICES – purchase of goods and services produced locally – circulation of income within the local community; less income drain – greater community self-reliance – restoration of balance in the local economy
- PRODUCTION OF GOODS AND SERVICES FOR LOCAL USE – creation of goods and services for use in the local community – circulation of income within the local community; less income drain – greater community self-reliance
- LOCAL RE-INVESTMENT OF PROFITS – use of profits to expand local economic activity – stop profit drain – investment that increases community self-reliance and co-operation
- LONG-TERM EMPLOYMENT OF LOCAL RESIDENTS – long-term jobs in areas with chronic unemployment or underemployment – reduced dependency on welfare and food banks – opportunities to live more socially productive lives – personal and community self-esteem – more wages and salaries spent in the local community
- LOCAL SKILL DEVELOPMENT – training of local residents – training geared to community development – higher labour productivity – greater employability in communities with high unemployment – greater productive capability of economically depressed areas
- LOCAL DECISION-MAKING – local ownership and control – co-operative ownership and control – grassroots involvement – community self-determination – people working together to meet community needs
- PUBLIC HEALTH – physical and mental health of community residents – healthier families – more effective schooling – more productive workforce
- PHYSICAL ENVIRONMENT – healthy, safe, attractive neighbourhoods – ecological sensitivity
- NEIGHBOURHOOD STABILITY – dependable housing – long-term residency – base for long-term community development
- HUMAN DIGNITY – self-respect – community spirit – gender equality – respect for seniors and children – Aboriginal pride – social dignity regardless of psychological differences, ethnic background, colour, creed or sexual orientation
- SUPPORT FOR OTHER CED INITIATIVES – mutually supportive trade among organizations with similar community development goals
Click here to download the CED principles.
If you would like more detailed information about CED, please call us (942-8578). You may also wish to visit CCEDNET’s website and explore their Canadian CED links.